Tex. Spec. Dist. Local Laws Code Section 9701.153
Investment and Expenditure of Principal


(a)

The Red Bluff District shall invest the principal amount in accordance with Chapter 2256 (Public Funds Investment), Government Code.

(b)

The Red Bluff District shall comply with Chapter 2257 (Collateral for Public Funds), Government Code, to the extent applicable.

(c)

The Red Bluff District may not spend any portion of the principal amount unless the expenditure is approved by an affirmative vote of:

(1)

the board of directors of the Red Bluff District; and

(2)

the boards of directors of at least five member districts.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.04, eff. April 1, 2013.

Source: Section 9701.153 — Investment and Expenditure of Principal, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­9701.­htm#9701.­153 (accessed May 18, 2024).

Accessed:
May 18, 2024

§ 9701.153’s source at texas​.gov